Femsa´s Net Falls

Mexico´s Coca-Cola FEMSA, the world’s second largest Coca Cola bottler, reported a net profit of $121 million in the second quarter, down 28 percent year-on-year. The company attributed the decrease to a nonrecurring profit received in the same period of 2004. FEMSA’s revenue increased 11 percent year-on-year to $1.2 billion. Coca-Cola FEMSA is a unit of Mexico’s largest beverage company Fomento Economico Mexicano (FEMSA).